Global private equity firm Bain Capital has acquired a majority stake in China-based data center developer and operator Xiamen Qinhuai Technology for CNY990 million (approximately USD146 million) from parent company NetScience Technology. The deal also reportedly includes an additional CNY300 million (approximately USD44 million) investment from three NetScience executives. Qinhuai plans to use the partnership with Bain and new funds to repay shareholder loans and invest in content delivery, cloud security, and cloud computing capabilities.